British landlord LondonMetric Property is in talks to merge with London-based real estate investment trust LXI to create a firm valued at 3.9 billion pounds ($4.94 billion), the companies said on Monday. “The...
Purplebricks to sell out to rival UK realtor Strike for a pound
British online estate agent Purplebricks, once valued at more than $1 billion, said it had agreed to be bought by smaller rival Strike for just one pound ($1.26). Under the deal, Strike will assume the liabilities of...
Britain’s JD Sports to buy France’s Courir in $572 mln deal
JD Sports Fashion has proposed buying France’s Groupe Courir for an enterprise value of 520 million euros ($572 million), in what would be the British group’s first acquisition since setting out ambitious...
ArisUnitern acquires significant stake in Kaleido Realty
ArisUnitern, a real estate services firm providing end-to-end consulting services, has acquired a significant stake in Kaleido Realty, that helps real estate companies with sales and marketing launchpads. The stake was...
Extra Space to buy Life Storage for $12.7 bln in self-storage mega deal
Real estate investment trust Extra Space Storage said it will acquire Life Storage for $12.7 billion in a deal that will result in the combined company becoming the largest U.S. self-storage space operator by store...
NCLT orders corporate insolvency resolution of real estate firm BPTP
The National Company Law Tribunal has ordered the commencement of corporate insolvency resolution process of real estate company, BPTP Ltd on November 14. Rakesh Kumar Gupta has been appointed the IRP and the creditors...
Emami promoters eye sale of realty, hospital assets
The promoters of Emami Ltd expect to reduce their pledged shares in the company to 10-15% of their holding by selling the group’s hospital business and real-estate owned by the promoters and few group companies...
Barings to buy Australian private equity real estate firm Altis
U.S. asset manager Barings has signed a share sale agreement to acquire 100% of Altis Property Partners, an Australian private equity real estate firm, Barings announced on Thursday without disclosing the deal price...
LEG says it will not buy remaining BCP stake from troubled Adler
German real estate group LEG Immobilien said it would not exercise an option to buy further shares in property investor BCP from rival Adler, which was pursuing the transaction to reduce its debt load. Adler said in May...
Sebi invites bid for sale of properties of Mega Mould, Remac Realty
Market regulator Sebi has invited bids for the sale of properties of Mega Mould India and Remac Realty India and their promoters as part of their recovery proceedings through the e-auction platform. The bidders are...
London property merger to create $6 bln West End powerhouse
Two of London’s biggest property companies agreed to merge on Thursday to create a 5 billion pound ($6 billion) estate with sites in tourist hotspots including Covent Garden, Carnaby Street and Soho that are...
Actis acquires Hyderabad-based Rx Propellant for an undisclosed amount
Global investor Actis has acquired Hyderabad-based Rx Propellant, which provides real estate solutions to tenants in life sciences and related sectors. Rx Propellant is a leading player in the life sciences real...
